BILL Holdings (NYSE: BILL) director receives 7,278 RSUs vesting through 2028

Rhea-AI Filing Summary

BILL Holdings, Inc. disclosed that one of its directors acquired 7,278 restricted stock units on December 11, 2025. Each RSU represents a contingent right to receive one share of the company’s common stock. The RSUs vest in three equal annual installments on December 11, 2026, December 11, 2027 and December 11, 2028, subject to the director’s continued service on each vesting date. After this grant, the director beneficially owns 7,278 derivative securities directly, with the derivative security price reported as $0.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Johnson Elizabeth S.

(Last) (First) (Middle)

C/O BILL HOLDINGS, INC.

6220 AMERICA CENTER DR., SUITE 100

(Street)

SAN JOSE CA 95002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BILL Holdings, Inc. [ BILL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	12/11/2025		A		7,278		(2)	(2)	Common Stock	7,278	$0	7,278	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.

2. The RSUs vest as to 1/3 of the total shares annually on each of December 11, 2026, December 11, 2027 and December 11, 2028, subject to the continuing service of the Reporting Person on each vesting date.

	/s/ Michael Dunn, Attorney-in-Fact	12/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did BILL (BILL Holdings, Inc.) report in this Form 4?

The filing shows that a director of BILL Holdings, Inc. acquired 7,278 restricted stock units (RSUs) related to the company’s common stock.

How many RSUs were granted to the BILL Holdings director and on what date?

The director received 7,278 RSUs on December 11, 2025, as reported in the derivative securities table.

What does each BILL Holdings RSU represent for the reporting person?

Each RSU represents a contingent right to receive one share of BILL Holdings, Inc. common stock, according to the explanation of responses.

What is the vesting schedule for the 7,278 BILL Holdings RSUs?

The 7,278 RSUs vest as to one-third of the total shares on each of December 11, 2026, December 11, 2027 and December 11, 2028, subject to continued service.

Is continued service required for the BILL director’s RSUs to vest?

Yes. The RSUs vest on the scheduled dates only if the reporting person’s service continues with BILL Holdings, Inc. on each vesting date.

How many derivative securities does the director own after this BILL RSU grant?

Following the reported transaction, the director beneficially owns 7,278 derivative securities (RSUs) directly, as shown in Table II.

What exercise or purchase price is associated with the BILL RSUs in this filing?

The RSUs are reported with a derivative security price of $0, meaning there is no cash exercise price for the units themselves.